INFOCHOICE Forex Broker

Infochoice Forex Broker - Complete Information Guide

1. Broker Overview

　　Infochoice Pty Ltd, founded in 1993, is one of Australias leading financial comparison websites, operating primarily from Sydney, New South Wales. The company is privately owned and has established itself as a pivotal player in providing financial services to the Australian market. Infochoice serves a diverse clientele, including individual consumers seeking better financial products, as well as businesses looking for comprehensive financial solutions.

　　The company has undergone significant evolution since its inception. Initially focused on providing a simple comparison of financial products, Infochoice has expanded its services over the years to include a wide range of offerings such as home loans, personal loans, credit cards, and insurance products. A notable milestone in its history was its acquisition by iSelect Ltd in 2011, which allowed it to enhance its market presence and product offerings.

　　Infochoice operates on a business model that emphasizes retail forex trading and personal finance solutions. It aims to empower consumers by providing them with the tools to compare thousands of products effectively. The platform is designed to simplify the decision-making process for users by offering transparent and comprehensive comparisons.

2. Regulatory and Compliance Information

　　Infochoice operates under the supervision of several regulatory bodies, ensuring compliance with the financial regulations in Australia. The primary regulatory authority overseeing its operations is the Australian Securities and Investments Commission (ASIC), which provides a robust framework for financial services in the country. Infochoice holds an Australian Financial Services License (AFSL) number 349445, reflecting its commitment to regulatory standards.

　　The company adheres to stringent compliance measures, including Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. These measures are in place to protect both the company and its clients from fraudulent activities and ensure that all transactions are conducted legally and ethically.

　　Client funds are kept in segregated accounts, providing an additional layer of security. This means that client funds are separate from the companys operational funds, safeguarding them in the event of financial difficulties. Furthermore, Infochoice participates in investor compensation schemes, which offer additional protection for clients in case of insolvency.

3. Trading Products and Services

　　As a comprehensive financial services provider, Infochoice offers a wide array of trading products. The broker provides access to a variety of forex currency pairs, covering major, minor, and exotic currencies. This extensive selection allows traders to engage in diverse trading strategies and capitalize on global market movements.

　　In addition to forex trading, Infochoice also offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. The broker continuously updates its product offerings to reflect market trends and client demands, ensuring that traders have access to the latest trading opportunities.

　　For retail traders, Infochoice provides a user-friendly trading platform that caters to both novice and experienced traders. The platform is designed to facilitate seamless trading experiences, offering essential tools and resources to enhance trading efficiency. For institutional clients, Infochoice offers tailored services, including white-label solutions and asset management services, catering to the specific needs of larger clients.

4. Trading Platforms and Technology

　　Infochoice supports MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms globally. These platforms are known for their advanced charting capabilities, automated trading options, and a wide range of technical indicators, making them ideal for traders of all levels.

　　In addition to these platforms, Infochoice also provides a proprietary web-based trading platform that allows for easy access from any device with internet connectivity. This platform is designed to be intuitive and user-friendly, ensuring that traders can execute trades efficiently.

　　For mobile trading, Infochoice offers applications compatible with both iOS and Android, allowing traders to manage their accounts and execute trades on the go. The broker employs a robust execution model, utilizing Electronic Communication Network (ECN) technology to ensure quick and reliable trade execution.

　　The infrastructure is supported by high-speed servers located in key financial hubs, ensuring low latency and optimal trading conditions. API access is also available for traders interested in automated trading solutions, allowing for seamless integration with third-party trading systems.

5. Account Types and Trading Conditions

　　Infochoice provides various account types to cater to different trading needs. The Standard Account requires a minimum deposit and offers competitive spreads, making it accessible for most retail traders. The trading conditions for this account include:

• Minimum Deposit: $500
• Spread: Starting from 1.0 pips
• Commission: None

　　For more experienced traders, Infochoice offers Premium Accounts, which provide additional benefits such as lower spreads and higher leverage options. Special accounts, such as Islamic Accounts, are also available for clients who require Sharia-compliant trading solutions.

　　The broker offers a demo account for new traders to practice their trading strategies without risking real capital. Leverage options vary depending on the asset class, with forex leverage typically reaching up to 1:500. The minimum trade size is set at 0.01 lots, allowing for flexible trading strategies.

　　Overnight fees are applicable for positions held beyond the trading day, and these fees are clearly outlined in the account terms, ensuring transparency for all clients.

6. Fund Management

　　Infochoice supports a variety of deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with the following structure:

• Standard Account: $500
• Premium Account: $1,000

　　Deposit processing times are generally quick, with electronic deposits being credited instantly, while bank transfers may take up to 3 business days. Infochoice does not charge any deposit fees, allowing clients to fund their accounts without incurring additional costs.

　　Withdrawal methods mirror the deposit options, with processing times typically ranging from 1 to 5 business days depending on the method chosen. Withdrawal fees may apply, particularly for international transfers, and these are clearly communicated to clients during the withdrawal process.

7. Customer Support and Educational Resources

　　Infochoice offers comprehensive customer support through various channels, including phone, email, and live chat. The support team is available during business hours, ensuring that clients can receive assistance when needed. The company also provides multi-language support, catering to a diverse client base.

　　In addition to customer support, Infochoice places a strong emphasis on education. The broker offers a range of educational resources, including webinars, tutorials, and eBooks, designed to enhance traders' knowledge and skills. Market analysis services are also available, providing clients with daily insights, news updates, and research reports to help them make informed trading decisions.

　　Trading tools such as calculators and economic calendars are accessible on the website, assisting traders in planning their strategies effectively.

8. Regional Coverage and Restrictions

　　Infochoice primarily serves the Australian market, with a focus on providing financial solutions tailored to local consumers. The company has established regional offices to enhance its service delivery and maintain close contact with its client base.

　　However, Infochoice does not accept clients from certain countries due to regulatory restrictions. These include regions where local laws prohibit the provision of financial services to foreign brokers. Specific countries may vary, so potential clients are encouraged to check the company's terms and conditions for the most accurate information.

　　In summary, Infochoice stands out as a reputable broker in the Australian financial landscape, offering a comprehensive range of trading products and services. With a strong regulatory framework, a commitment to customer support, and a focus on education, Infochoice broker is well-positioned to meet the needs of both retail and institutional clients.